Activities per year
Abstract
Do happy people predict future risk and return differently from unhappy people, or do individuals rely only on economic facts? We survey investors on their subjective sentiment-creating factors, return and risk expectations, and investment plans. We find that noneconomic factors systematically affect return and risk expectations, where the return effect is more profound. Investment plans are also affected by noneconomic factors. Sports results and general feelings significantly affect predictions. Sufferers from seasonal affective disorder have lower return expectations in the autumn than in other seasons, supporting the winter blues hypothesis.
Original language | American English |
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State | Published - 2012 |
Event | Financial Management Association Conference - Financial Management Association, Barcelona, Spain Duration: 1 Jun 2012 → 1 Jun 2012 |
Conference
Conference | Financial Management Association Conference |
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Country/Territory | Spain |
City | Barcelona |
Period | 1/06/12 → 1/06/12 |
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Dive into the research topics of 'Do Happy People Make Optimistic Investors?'. Together they form a unique fingerprint.Activities
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Financial Management Association Conference
Kaplanski, G. (Organization - Session organizer)
1 Jun 2012Activity: Participating in or organizing an event › Organizing a conference, workshop, ...